Acct1: Lesson 1-1 VKR Organizer

Students will use the 1-4 rating system to determine their current level of understanding. Near the end of the unit, students revisit their VKR ratings to see how their understanding has evolved and where they need to focus their study efforts.
Name: 


A red asterisk (*) indicates required questions.

  1. What do you think the term FINANCIAL STATEMENTS means?*


  1. Regarding the vocabulary word FINANCIAL STATEMENTS:  *


  1. What do you think the term NET WORTH STATEMENT means?


  1. Regarding the vocabulary word NET WORTH STATEMENT: 


  1. What do you think the term ASSET means?


  1. Regarding the vocabulary word ASSET: 


  1. What do you think the term LIABILITY means?


  1. Regarding the vocabulary word LIABILITY: 


  1. What do you think the term PERSONAL NET WORTH means?


  1. Regarding the vocabulary word PERSONAL NET WORTH: 


  1. What do you think the term EQUITY means?


  1. Regarding the vocabulary word EQUITY: 


  1. What do you think the term BUSINESS ETHICS means?


  1. Regarding the vocabulary word BUSINESS ETHICS: 


  1. Using a scale of 1 to 5 with 5 being HIGH, my understanding of the vocabulary terms above would be ranked ...
    1 2 3 4 5





Mrs. Ewert
Business Education Teacher
Beaverton High School
Beaverton, MI